S&P Global Ratings has affirmed the "BBB-" rating on New Britain, Conn.-based Hospital for Special Care's series 2007C fixed rate revenue bonds.
The rating affirmation is based on several factors, including HSC's improved operations in fiscal year 2016 and its market niche as a long-term acute care hospital for chronic diseases and rehabilitation.
After affirming the rating, S&P subsequently withdrew its underlying rating on HSC's series 2007C bonds per HSC management's request.
The outlook is stable, reflecting S&P's view that HSC's niche services provide it with a healthy enterprise profile.
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